Zeus EA Review: Things to Consider Before Investing 

Zeus EA

Zeus EA is a Forex expert advisor that works on the MT4 trading platform and promises 5%-15% monthly returns. The vendor claims that the system keeps the average drawdown under 20% and this makes it suitable for traders who are averse to risk. 

The parent company behind this robot is known as Elite CurrenSea. It was launched in 2014 by Chris Svorcik and Nenad Kerkez, who act as the CEO and the Head Trader, respectively. There is a third member Mykyta Barabanov, who acts as the CMO. The headquarters of this company is located in Tallinn, Estonia. This team has another EA known as Athena EA and a Telegram signals provider known as ecs.LIVE. 

The highlights of Zeus EA

According to the developer, these are the key features of the system:

5%-15% monthly returns 

The vendor claims that since 2019, the robot has managed to generate steady gains every month. However, from the verified live trading results, we can see that the monthly gain is much lower than 5%. This means the vendor has made a false claim on the official website.

Below 20% drawdown 

It has been claimed that the robot trades with a low drawdown. Again, the verified trading account tells a different story. The robot trades with a very high level of drawdown, which tells us that it is following a high-risk trading strategy.

Trading strategy of Zeus EA

On the official website, the vendor has mentioned that they are not able to share the minute details of the trading strategy. The robot works on the EUR/USD currency pair. This pair is known for its high liquidity and its volatility level lets you withstand the risks specified in the trading settings.

There is no minimum starting capital, but for optimum results, you should invest at least 2500 Euros. It is recommended that you load the EA on 5-minute charts. You can work with any account type on a trusted brokerage. 

Backtesting reports 

Backtesting results of Zeus EA on Myfxbook
Backtesting results of Zeus EA on Myfxbook

This backtest was conducted from January 2016 to August 2020. The EA used a deposit of $2500 to conduct 14662 trades, winning 70% of them and generating a total profit of $9,356.32. The win rate was quite high and the profit factor of 1.52 was more than decent. However, the high drawdown of 53.30% tells us that the strategy used was quite risky.

Trading results in real time 

Growth chart of Zeus EA on Myfxbook
Growth chart of Zeus EA on Myfxbook

This live trading account on Myfxbook was launched on September 3, 2020. Since that time, the robot has conducted 73,170 trades through this account, winning 69% of them. The win rate is slightly lower compared to the backtest, but it is still quite high relative to other EAs. 

We can see that the daily and monthly gains are 0.04% and 1.13 respectively, while the drawdown is very high at 71.01%. Such a high drawdown indicates a high risk of ruin. Also, the account owner has chosen not to reveal key parameters like balance, equity, profit, interest, deposits, and withdrawals. 

Trading results of Zeus EA on Myfxbook
Trading results of Zeus EA on Myfxbook

By analyzing the recent trading history, we can see that the EA is prone to losing consecutive trades. In fact, it has lost each of the last 12 trades. The average trade length is 14 hours and 1 minute.

Zeus EA price  

There are four pricing plans for this EA. The first one is a rental plan carrying a yearly recurring fee of €699. For the lifetime plan, you need to pay a one-time fee of €999. There is a rental sponsored plan with a yearly recurring fee of €399 that has no capital limits. The managed account plan has no upfront fees but a 20-30% profit share. The plans are quite expensive and there is no money-back guarantee offer for any of them.

Customer support 

You can get in touch with the support team using live chat or the contact form on the website.

Are traders happy with Zeus EA?

User review for Elite CurrenSea on Forex Peace Army
User review for Elite CurrenSea on Forex Peace Army

There are no reviews for this EA in particular, but there are some for Elite CurrenSea on Forex Peace Army. In one of them, the user claims to have suffered huge losses with Zeus EA.

Zeus EA

Zeus EA
2 5 0 1
Zeus EA has a high win rate, but it uses a risky strategy that increases the drawdown and leaves the account exposed to heavy losses. The plans are not affordable for novice traders and the vendor does not have a refund policy in place.
Zeus EA has a high win rate, but it uses a risky strategy that increases the drawdown and leaves the account exposed to heavy losses. The plans are not affordable for novice traders and the vendor does not have a refund policy in place.
2/5
Total Score
  • Profitability
    4/5 Good
  • Strategy
    2/5 Bad
  • Reliability
    2/5 Bad
  • Price
    2/5 Bad
  • Customer Testimonials
    2/5 Bad

Advantages

  • Verified trading statistics

Disadvantages

  • High drawdown
  • No money-back guarantee
  • Expensive pricing plans
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